Funding arb · Price arb /

XAG

RWAall XAG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.032%

Price spread now: Coinbase International against Paradex−0.059%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.059% cheaper against Paradex than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 6.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XAG-USD-PERP	65.369	0.0058	pay 0.0058% / 8h	6h 15m	$29K	$166	5x
Short	Coinbase International SILVER-PERP-INTX	65.330	0.0088	get 0.0011% / 1h	15m 18s	$1.6M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.059%Rate

Funding earned: $6.28
Price spread: −0.059% → 0.000%: −$5.94
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$13.66
Costs to cover: 0.140%
Break-even: 22.2 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	0.77 bp	5.8 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAG on 44 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective XAG/USDC PERP	−0.0220%	1h	64.602	−1.173%	$11K	$240	52x	as long as short
Ondo Perps XAG-USD.P	−0.0004%	1h	65.280	−0.136%	$5.7M	$10.5M	25x	as long as short
dYdX XAG-USD	0.0000%	1h	65.326	−0.066%	$12K	$6K	5x	as long as short
Gate XAG_USDT	0.0000%	4h	65.390	+0.032%	$139.1M	$200.1M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	65.380	+0.017%	$2K	$2.4M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	65.410	+0.063%	$1.1M	$1.3M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	65.370	+0.002%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USD	L +0.0004% / S −0.0006%	1h	65.302	−0.102%	$118K	—	250x	as long as short
Lighter RH XAG	+0.0032%	1h	65.367	−0.003%	$4.5M	$9.7M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	65.316	−0.081%	$5.1M	$11.6M	10x	as long as short

Show all 44 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff SILVER-PERP	+0.0040%	1h	65.364	−0.007%	$36K	$23K	20x	as long as short
StandX XAG-USD	+0.0040%	1h	65.330	−0.059%	$786K	$3.0M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	65.796	+0.654%	—	—	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	65.349	−0.030%	$3.8M	$892K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	65.294	−0.114%	$3K	$6K	20x	as long as short
Paradex XAG-USD-PERPlong	+0.0058%	8h	65.369	long leg	$29K	$166	5x
QFEX SILVER-USD	+0.0062%	1h	65.370	+0.002%	$444K	$1.4M	20x	as long as short
Coinbase International SILVER-PERP-INTXshort	+0.0088%	1h	65.330	−0.059%	$1.6M	$1.7M	20x
Kalshi KXSILVERPERP	+0.0096%	24h	65.361	−0.012%	$613K	$37.5M	8.1x	as long as short
Variational Omni XAG	+0.0100%	4h	65.381	+0.019%	$5.7M	$9.2M	—	as long as short
Pacifica XAG	+0.0100%	1h	65.321	−0.072%	$465K	$574K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	65.330	−0.059%	$25.2M	$4.6M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	65.270	−0.151%	$111K	$19K	50x	as long as short
Phoenix SILVER	+0.0110%	1h	65.288	−0.124%	$55K	$13K	25x	as long as short
tradeXYZ xyz:SILVER	+0.0122%	1h	65.346	−0.035%	$174.1M	$93.0M	25x	as long as short
Aevo XAG-PERP	+0.0128%	1h	65.398	+0.044%	$47K	—	10x	as long as short
MEXC SILVER_USDT	+0.0130%	4h	65.360	−0.013%	$119.7M	$166.7M	1000x	as long as short
Binance XAGUSDT	+0.0131%	4h	65.370	+0.002%	$193.0M	$835.9M	100x	as long as short
edgeX XAGUSDC	+0.0135%	4h	65.324	−0.069%	$666K	$315K	30x	as long as short
Aster XAGUSDT	+0.0138%	4h	65.386	+0.026%	$2.7M	$1.1M	100x	as long as short
Nado XAG-PERP	+0.0181%	1h	65.346	−0.035%	$1.2M	$3.9M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0188%	4h	65.336	−0.051%	$394K	$1.6M	25x	as long as short
Lighter XAG	+0.0192%	1h	65.361	−0.013%	$5.1M	$11.7M	25x	as long as short
RISEx XAG/USDC	+0.0206%	1h	65.400	+0.048%	$1.2M	$4.9M	20x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0209%	1h	65.350	−0.029%	$77K	$411K	20x	as long as short
OKX XAG-USDT-SWAP	+0.0214%	8h	65.370	+0.002%	$27.9M	$82.3M	50x	as long as short
Bybit XAGUSDT	+0.0216%	4h	65.370	+0.002%	$30.4M	$46.8M	150x	as long as short
Aftermath Perps XAGUSD	+0.0217%	1h	65.319	−0.076%	$79K	$37K	10x	as long as short
Bitget XAGUSDT	+0.0248%	4h	65.370	+0.002%	$23.1M	$50.4M	100x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0263% / S −0.0229%	1h	65.405	+0.055%	$93K	—	111x	as long as short
Hibachi XAG/USDT-P	+0.0272%	1h	65.305	−0.098%	$21K	$12K	10x	as long as short
Bullet SILVER-USD	+0.0277%	1h	65.390	+0.033%	$44K	$74K	10x	as long as short
BloFin XAG-USDT	+0.0371%	4h	65.350	−0.029%	$2.7M	$753K	100x	as long as short
Kraken Futures PF_XAGUSD	+0.0775%	1h	65.345	−0.036%	$1.0M	$937K	25x	as long as short